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Exchange Rates

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Hammerite:
Whilst I appreciate the commitment of our new sponsors 888 to the Apat cause, I do feel that their exchange rate policy is unfair to say the least.

I recently deposited $500 at an exchange rate of .6204 this cost me £310.20. Later the same day I withdrew $518.98 and I have now received an e-mail stating that I will receive £300.50 as the exchange rate is .5790 so in a nut shell it has cost me £9.70 + $18.98 so roughly £21 in total to deposit and withdraw the same money on the same day or to put it another way 7% of my deposit.

I have queried this with 888 but was informed that the exchange rate varies on a daily basis, so the e-mail notification that I received today with a rate of .5790 is todays rate. I accept this but just out of interest I have just tried to make a hypothetical deposit for $518.00 (the same day as I have received my e-mail) and it says it will cost me £321.05 at a rate of .6198

This just seems to me like a lot of extra hidden rake which I am finding difficult to justify, does anyone else feel that the differential of 7% is excessive or is it just me. I am by no means tight fisted, I just feel like I am being ripped off and would appreciate any feed back from other members.

Mikeyboy9361:
The buying and selling of currency always have differing rates,and I am no expert, but 7% seems a bit high.

pables:
Go to my888.com and to forum and post your notification there Don may get better response direct from other members. Don"t deposit so much BTW  ;)

MintTrav:

scouse3465:
I have noticed this with 888 too . Bery poor rates basically they taking 5 % + rake on cash out.

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